Daily Pivots: (S1) 1.2552; (P) 1.2597; (R1) 1.2631; More… GBP/USD is still struggling in tight range around 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Intraday bias remains neutral for the moment. Rejection by 1.2609 will keep near term outlook bearish. Break of 1.2331 support will suggest that the rebound from 1.2099 has completed as […]
USD/CAD’s steep decline and strong break of 1.3588 support argues that while rise from 1.3176 has completed already. Fall from 1.3946 is seen as another falling leg inside medium term range pattern. Initial bias stays on the downside this week for 1.3477 support. Firm break there will target 1.3091/3176 support zone. On the upside, above […]
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